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Patience Is A Virtue – Part 2

Bitcoin Needs Patience, It Seems

There is another slow-down coming down the road, it seems. There is supposed to be another hard fork on the BTC system in this coming November. Are you ready?

What we expect to see from this hard fork is roughly equal to what we saw last time (prior to and after 1 August). Lots of uncertainty in the BTC price in the run-up to the fork date, and then relief that “nothing happened” afterwards. The only problem with this is that the wait during the run-up will be knocking holes in the appreciation of the BTC during the entire month of October. Well, that’s a little exaggerated – it will be causing a lot of stagnation in the BTC-USD exchange rate, whereas we had all hoped for at least some some increase.

What’s the “Patience” about? Well, last time, the rate lost about 20% ($500) for the 6 weeks before the potential hard fork and then gained about 125% ($2400) in the following peak run. Patience pays! In this case about 5:1 . Those people who sold out before the hard fork lost a lot of potential profits!

What I’m wondering is if this is going to continue with a proposed hard fork every 2-4 months for the next few years? That could cause more damage than any of us had bargained for, including the miners. Is there a way to stop this nonsense? Please reply using the comment form below the post. We would like to hear what you think.

Patience Is A Virtue

Part 1 – Patience With Bitcoin

Well, the BTC-USD exchange rate has been more negative than positive the past two weeks or so. So why is patience a virtue here? Well, that’s easy to answer. The lower the price is, the more BTC you buy for the same USD input. That’s simple, isn’t it? And that means that when the rate goes back up – and it will – you will have more BTC than if you just sat on it for two weeks or more.

One question about the exchange rate – why is it down? My guess is that the hurricane in Florida is mostly responsible for that. People who own property there have been converting their BTC to USD to be able to get out of Florida for their personal safety, and also to be sure that they have USD to buy supplies with to weather out the storm (sorry about the pun!).

On the other hand, patience is worth while here – the present price is still above the $4000 level we were excited about just three weeks ago (mid-August). Patience, my dear, really is a virtue! Also, if you want to get excited, think about how your holdings at Bitcoin Fortune Builder are growing.

Part 2 – Patience With Grand RevShare

That’s about all we can do now with the Grand RevShare investment – wait it out until it converts at the conversion price. Once that happens, we can use the funds from GRS to repay the loan we got to invest in Bitcoin. At the present rate (and it has slowed down some also), it looks like that could be the end of the year. Blah! I have to say that I don’t see much reason to put money back into GRS when we can finally cash out: it has a low return and it is S L O W !!

This Is How To Do It – But It’s Not MTV!

First Some Background

We have been pretty quiet since the collapse of the MPA/MPCA group. Why? Well, I guess at first it was shell-shock after the two most favoured RevShare operations (first Traffic Monsoon last year and then the My Paying Ads/My Paying Crypto Ads group earlier this year) collapsed for different reasons (see other articles, Traffic Monsoon Make Money Online 2 under “News From My Program” about 1/2-way down, and MPA Problems).

What’s Up Doc?

In addition to that, we were busy trying to find something else that should make money for you and us but not be subject to other people’s failures or mistakes, and then trying it out. We think we have found this, and it is looking good so far. It is in a program we are calling Bitcoin Fortune Builder that we are still putting together. A very short description of the program is that we use the amazing growth of Bitcoin to push our potential conventional hard-money profits into high levels (Bitcoin has grown about 100% per year average against the US$ for the past four years). Then, we plan to use a tactic that comes from the RevShare programs to use the capital growth to provide both monthly cash payout and continued capital growth to keep both our net income and our program capital growing. Present guesses (from outside parties) are that Bitcoin will continue to grow at present rates or better for at least another 4-5 years. At that point or earlier, we should be able to cash out and have large sums of capital to continue our regular income, even with conventional programs.

We started this at a modest US$ 0.15 per day or less than $5.00 per month at the start of June, and about 6 weeks later (mid-July) it hit a flat spell in the Bitcoin price caused by uncertainty in the Bitcoin market (do some research in http://bitcoinfortunebuilder.com to get a better explanation of what this was about). Even with this flat spell, we were able to build Bitcoin inventory and this helped when the hard fork concerns were finished and the market started to grow again. Why did we not start earlier with this? Well, first of all, Iliana did not understand what Bitcoin was about and she thought it was not safe, and therefore did not want to get involved in it. And then, we thought the RevShare programs would produce the profits we were looking for, and safely. Our bad! But hind-sight is 20:20.

Based on the present performance of Bitcoin, after about 2-1/2 months of $0.15 per day input, or a total of about $12, we believe that there is – today – a monthly return of about BGN 8 per month (that’s about US$ 6 per month) in payout potential. We also have enough capital stored up to maintain the payments for some months, even if the market price drops again (which it did when we were writing this).

What we plan now is the following :

Continue the investment program at $4.50 per 30-day month

Start paying benefits to Iliana in about 3 months, so starting about mid-November, at whatever rate is indicated at that point (my guess is around BGN 50 per month or US$ 30 per month)

Assemble enough cash backlog that we can continue to make payments for at least a three-month “dry spell”, if necessary (we basically already have that)

Below, there is a chart that shows the progression of the payment potential (Predictions) for the Bitcoin Fortune Builder Plan 1. The reason the chart is called “Predictions” is that it is logarithmic, which means that you can eventually see the trend by drawing a straight line through the points.

Anyway, that is where we are planning to go from here. If you want to join us, write to Craig at craig.hesser@hesser.ch or check out our contact details at Bitcoin Fortune Builder – Contact Details. He will discuss any questions with you and ask you to fill out a form so that we have all the necessary information to make the system work.

For reasonable expectations, you can just multiply the results by ten, so you put in ten times as much, or $45 per 30-day month. In that case, you would be looking at around $300 per month payout after about 4-5 months input. It really depends on what the Bitcoin market does. What we have seen in our demonstration account is not very positive, but that would also be the case if you made bulk purchases of BTC (everything paid in at the beginning).

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